Im-Possible Inc

Analysis

Im-Possible Inc is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Im-Possible Inc reported income of $69k and spending of $171k, spending 248% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $170k to $69k (-59%), an average of -36% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Im-Possible Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within OK. Charities of a similar size with the same main cause include Community Apartments Corporation of Davidson County ($69k), Josiah Place Inc ($69k) and Arcadia Place Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $57k (33% of expenses). Other salaries and wages came to $27k. At year end it held assets of $90k against liabilities of $0, net assets of $90k. It reported 5 employees.